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251 West 39th Street, Manha...

Elmekies Equities Leases Office Space At 251 West 39th Street In Midtown Manhattan
LEASEDOffice

Elmekies Equities Leases Office Space At 251 West 39th Street In Midtown Manhattan

251 West 39th Street, Manhattan, New York, NY, USA

Building Size

4,200 SF

Asset Type

Office

Closing

Aug 5, 2021

AI

An office space located at 251 West 39th Street in Midtown has been leased. The tenant, Elmekies Equities, represented by Nathan Elmekies, will occupy the 4,200 square feet property. The landlord, Miriam Unger, facilitated the lease transaction. Mark Gindi from an undisclosed agency served as the broker in this deal. The asking rent for the space was $38 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 08/06/2021
  • Address: 251 West 39th Street
  • Market: Midtown

Elmekies Equities, led by Nathan Elmekies, is a company that has secured this lease. Miriam Unger is the property's landlord. Mark Gindi, representing an undisclosed agency, played a crucial role as the broker in the transaction. Furthermore, Elmekies Equities is actively seeking real estate agents for investment sales, retail leasing, and residential properties. Those interested can reach out to Adam at [email protected] for more information.

Players

Mark Gindi

Gindi Realty Advisors

Broker

7 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93